INDEPENDENT CONTRACTOR AGREEMENT
THIS
INDEPENDENT CONTRACTOR
AGREEMENT (this "Agreement" ), is
made and entered into on this 31 st
day of July, 2007 (the "Effective Date" ), by
and between ONE WORLD ENERGY CORPORATION, a Nevada
corporation, and RALPH SMITH & SON, INC., a Pennsylvania
corporation. As used in this Agreement, the term
“OWEC” shall mean One World Energy Corporation,
or an Applicable One World Affiliate (as defined below), as
the context requires. As used in this Agreement,
the term “Independent Contractor” shall mean
Ralph Smith & Son, Inc., or an Applicable Smith Affiliate
(as defined below), as the context requires.
WHEREAS, OWEC and Independent Contractor
have entered into a Contract Mining Agreement, dated as of
July 31 st ,
2007 (the “Nowrytown No.1 Agreement”), pursuant
to which OWEC agreed to retain Independent Contractor as the
operator of the surface coal mining operation and related
surface facilities located in Indiana County, Pennsylvania
known as the “Nowrytown No.1 Mine”, and
Independent Contractor agreed to perform the Work (as defined
therein), subject to the terms and conditions set forth
therein; and
WHEREAS, OWEC and Independent Contractor
intend to enter into one or more additional contract mining
agreements (each, an “Additional
Agreement”), pursuant to which OWEC, or an
affiliate of OWEC (the “Applicable One World
Affiliate”), will retain Independent Contractor, or an
affiliate of Independent Contractor (the “Applicable
Smith Affiliate”), as an operator of a surface coal
mining operation and related surface facilities (each, an
“Additional Project”).
NOW,
THEREFORE, in consideration of the strict and mutual
performance and observance of the terms, conditions,
covenants, and agreements hereinafter set forth, and
intending to be legally bound, OWEC and Independent
Contractor agree as follows:
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